Daily TSX Market Open: Debate over Trump's Tax Bill Tips TSX Down  |  May 21, 2025 - video Dailymotion

The Market Online brings you the latest news as the Canadian Markets Open.

Transcript

00:00Good morning, here's your market open for Wednesday, May 21st.

00:08Canadian equity futures edged lower Wednesday, pulling back from record highs as investors

00:12monitor trade headlines and U.S. tax reform talks. TSX index was down 0.6% as of 6 o'clock

00:18Eastern Time. The venture stays on the up and futures of the Dow and the Nasdaq both

00:22sit in the red. A quick headline this morning, Canadian inflation cooled sharply to 1.7% in

00:27April, largely due to the elimination of the consumer carbon tax. But with core inflation

00:32still running above 3%, the Bank of Canada faces renewed pressure ahead of its June rate

00:37decision. Its currency futures with the Canadian dollar popping up to 72 cents U.S., sliding

00:42close to a quarter percent against the euro and Bitcoin roared ahead with another 1,800

00:46points. And over to commodity futures where copper eliminates over half a percent, gold

00:51takes on half a percent, WTI jumps up to $62 U.S. a barrel, and natural gas gallops forward

00:57with over 1%. That's your Market Open. I'm Lindsay Melchick. Have a great day.